Tim Cook refutes China worries, calls Apple's growth 'strong' in rare mid-quarter update

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Comments

  • Reply 21 of 90
    asdasd wrote: »
    AAPL starter the day at $96 and zoomed up from there

    The low today was $92.
  • Reply 22 of 90
    bobschlobbobschlob Posts: 1,074member
    Quote:

    Originally Posted by asdasd View Post

     
    Quote:

    Originally Posted by BobSchlob View Post





    You didn't buy at $92. You should have taken off your big red nose.




    AAPL starter the day at $96 and zoomed up from there



    ???

  • Reply 23 of 90
    Quote:

    Originally Posted by sog35 View Post

     

     

     

    Once you understand that the ecosystem is the key you will see that having iPhone be 70% of revenue is not a problem.  The Mac, iPhone, iPad, Watch, are simply devices to access the ecosystem.  The iPhone will continue to dominate unless:

     

    1. Someone overtakes Apple's ecosystem (don't see that happenning in at least 5-10 years)

     

    2. The smartphone is replaced by another form factor as the go to mobile device.  And Apple has hedged their bets on this by releasing the Watch.

     

     

    Bottom line is Apple is in a position of DOMINANT POWER.  


    3. Or the ecosystem is supplanted by something we can't imagine, say one that isn't rooted in HW revenues.

    [I said we can't imagine it... much like people couldn't imagine a world where Microsoft didn't control the user experience].

     

    By your (and I agree) definition, the path to Apple's dominance was buying Soundjam in 1999.  Who da thunk it?

  • Reply 24 of 90
    eightzeroeightzero Posts: 2,291member
    Quote:

    Originally Posted by Mynameisjoe View Post

     

     

    You need to take a few zeroes off of that. No matter how omniscient you are, you can't make 1 quadrillion dollars. The GDP of the entire world in 2014 was only 77 trillion dollars for Pete's sake.


    Just take one dollar bill and start folding it. After a few dozen folds, it will be thick enough to reach the moon!

  • Reply 25 of 90
    Quote:

    Originally Posted by sog35 View Post

     

     

    No one can predict timing of stocks at a 100% rate.

     

    If someone could they would literally be able to take $100 and turn it into $1,000,000,000,000,000 in a month.


    You seem pretty sure when you stated you would self ban for 1Yr if AAPL didn't reach $150 by EOY.  A bet which I took you up on by the way :-)

  • Reply 26 of 90
    asdasdasdasd Posts: 5,265member
    The low today was $92.

    Odd. If that happened it happened so fast that the graphs couldn't graph it. I was eyeballing my stocks app and, since that comes from yahoo, here's the equivalent.

    http://finance.yahoo.com/q?s=aapl+Interactive

    It does say today's ( and the 52 week) low was $92 but it seems to start at $95 in the graph and go up from there
  • Reply 27 of 90
    asdasdasdasd Posts: 5,265member
    patpatpat wrote: »
    You seem pretty sure when you stated you would self ban for 1Yr if AAPL didn't reach $150 by EOY.  A bet which I took you up on by the way :-)

    He may not have to worry about self banning
  • Reply 28 of 90
    radarthekatradarthekat Posts: 2,991moderator


    I set my limits and that's the end of it. I'm not a day trader. If my limit is reached, fine. If not, I'm not concerned. Trying to guess every high or low is a fool's errand and the only people winning at that game are charging suckers for their trades.

    And yet you did, in effect, try to guess. You guessed that the low would come at or below $90 and you missed the opportunity you sought to capture, which, presumably was to take advantage of an unwarranted dip in tne share price.
  • Reply 29 of 90
    And yet you did, in effect, try to guess. You guessed that the low would come at or below $90 and you missed the opportunity you sought to capture, which, presumably was to take advantage of an unwarranted dip in tne share price.

    I'm comfortable with my methodology. I'm not dispensing advice, I'm just describing what I do. Also, this is just Monday. There's no telling what happens tomorrow (and as I write this, I notice there was another flash crash down to $95, then another bounce up).
  • Reply 30 of 90
    lkrupplkrupp Posts: 6,783member

    What got @sog35 banned? I didn’t see any magic words or ad hominems, just lots of posts in a short time. Where is the official Terms of Service document anyway? What gets one banned ? Sometimes I don’t grok the moderation of this site. Seems arbitrary and punitive.

  • Reply 31 of 90
    asdasdasdasd Posts: 5,265member
    I'm comfortable with my methodology. I'm not dispensing advice, I'm just describing what I do. Also, this is just Monday. There's no telling what happens tomorrow (and as I write this, I notice there was another flash crash down to $95, then another bounce up).

    How can that even happen with so many shares in trade?
  • Reply 32 of 90
    I love how everyone wants to blame anything & everything when Apples stock dives. Apple is a publicly traded company & unfortunately it's a good thing the market doesn't trade on their personal feelings. Their is no propaganda by Wall Street to devalue Apple or any company just to make a quick profit.

    The Global concerns are real & Chinas economy has been a big concern since their economy has grown at such a fast rate that it's starting to show that the concerns are real.

    Tim Cook only made his statement because the longer the company stays mum on the fact that the company has lost, as of 8/21, $158 billion dollars over 6 weeks the worse it makes things looks.

    I'm taking his statement with a grain of salt as far as growth goes due to the fact a devaluation in China's currency will hurt any major growth in the next 2 quarters.

    Do I care that I'm sure people will reply to this comment & say "I'm wrong Apple is already up on the day" & "Your wrong on why Tim Cook made a statement that Apple almost never makes". No I don't care because I'm realistic when it comes to the long term & until the global markets stabilize I think not only Apple, but most all companies should worry about how aggressive they are with their growth predictions.
  • Reply 33 of 90
    asdasdasdasd Posts: 5,265member
    lkrupp wrote: »
    What got <a data-huddler-embed="href" href="/u/191133/sog35" style="display:inline-block;">@sog35</a>
     banned? I didn’t see any magic words or ad hominems, just lots of posts in a short time. Where is the official Terms of Service document anyway? What gets one banned ? Sometimes I don’t grok the moderation of this site. Seems arbitrary and punitive.

    You generally accumulate infractions -- a points system. Go over an amount and you are banned temporarily.
  • Reply 34 of 90
    asdasdasdasd Posts: 5,265member
    Bannings are not what they used to be.
  • Reply 35 of 90
    boeyc15boeyc15 Posts: 986member
    Quote:

    Originally Posted by sog35 View Post

     

    Wall streets propoganda about the 'crash' of China is total and utter BS.

     

    First off China's economy is doing well and their GDP is growing.  They have 1 billion hard working people and TONS of natural resources and factories.

     

    Second the China stock market is a minor part of the entire China economy.  It is not like in the US.  Very few citizens of China actually invest in the China stock market.  

     

    To compare the smallness of the China stock market vs US look at this picture that compares Market cap of public companies (note many of the large China companies are not public)

     

     

     

    Japan's stock market is 3x larger than China.

    UK is 3x larger

    The US is 20x larger

     

    China stock market is minor.  Why the hell is the US worrying about the China stock market which is basically just a casino.

     

     

    Finally the China stock market is actually UP 40% the last 12 months.  




    Don't you think this is part of a  broader China problem? IMO- A stock market is not "part of the economy" (as in GDP per si), but should reflect what is actually happening in an economy and in China, it arguable does not.  As you point out it was folly for them to prop up the market. Lack of transparency and incomplete information will make other markets very nervous.  As you indicate China is huge, and without that transparency, a twitch out of them(real or not) will cascade to others.

  • Reply 36 of 90
    eightzeroeightzero Posts: 2,291member
    Quote:

    Originally Posted by sog35 View Post

     

     

    Why stop at $90?

    Why not wait till $80?

    Or if you like $80 then $70 is even better?

     

    You should wait till $60.

     

    Interesting strategy you have.  My strategy is if the stock is below its fair value (my calculation) then I buy it.  Opportunities like buying Apple today under $100 are rare.  IMO Apple's fair value is $140-$160 depending on the broad economy.


    You can bet that AAPL itself has a sophisticated formula for buying it's own stock. Betcha it kicked in in spades this morning. 

  • Reply 37 of 90
    blitz1blitz1 Posts: 412member
    AAPL CEO talking the stock up?

    Now, I'd get really worried!
  • Reply 38 of 90
    rogifanrogifan Posts: 10,669member
    Ha so now the media is questioning whether Tim Cook violated SEC rules with his email to Jim Cramer. As if his email wasn't vetted a thousand different ways by Apple's legal and finance departments before he sent it.
  • Reply 39 of 90
    rogifan wrote: »
    Ha so now the media is questioning whether Tim Cook violated SEC rules with his email to Jim Cramer. As if his email wasn't vetted a thousand different ways by Apple's legal and finance departments before he sent it.

    Tim should stay laser-focused on product and services.
  • Reply 40 of 90
    Quote:

    Originally Posted by asdasd View Post



    Odd. If that happened it happened so fast that the graphs couldn't graph it. I was eyeballing my stocks app and, since that comes from yahoo, here's the equivalent.



    http://finance.yahoo.com/q?s=aapl+Interactive



    It does say today's ( and the 52 week) low was $92 but it seems to start at $95 in the graph and go up from there

    I agree. I was watching CNBC this morning, and the lowest I recall was 95 and change!

     

    Must have happened in a flash....

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